Fidelity National Information Services, Inc. $FIS Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 23.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,095 shares of the information technology services provider’s stock after selling 116,356 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.07% of Fidelity National Information Services worth $25,459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. AGF Management Ltd. acquired a new position in Fidelity National Information Services during the 3rd quarter worth $3,096,000. Independent Advisor Alliance boosted its stake in Fidelity National Information Services by 177.8% in the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after purchasing an additional 25,593 shares during the period. LBP AM SA boosted its holdings in shares of Fidelity National Information Services by 1,777.2% during the third quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after purchasing an additional 69,096 shares during the period. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $624,858,000. Finally, Brighton Jones LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth $347,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $51.90 on Friday. The stock has a fifty day simple moving average of $63.38 and a 200 day simple moving average of $66.58. Fidelity National Information Services, Inc. has a twelve month low of $50.48 and a twelve month high of $83.97. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 192.22, a PEG ratio of 0.77 and a beta of 0.90. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 EPS. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.44 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on FIS. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective for the company. Truist Financial dropped their target price on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. BNP Paribas Exane dropped their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Finally, Compass Point decreased their price target on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and a consensus target price of $79.53.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.